Help Save & Exit If the unit sales price is $12, variable costs are $6 per unit and fixed costs are $26,000 what is the contribution margin ratio per unit? Multiple Choice 40% 60% 50% 70%

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter7: Systems Of Equations And Inequalities
Section7.3: Systems Of Nonlinear Equations And Inequalities: Two Variables
Problem 4SE: If you graph a revenue and cost function, explain how to determine in what regions there is profit.
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If the unit sales price is $12, variable costs are $6 per unit and fixed costs are $26,000 what is the contribution margin ratio per unit?
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Transcribed Image Text:Saved Help Save & Exit If the unit sales price is $12, variable costs are $6 per unit and fixed costs are $26,000 what is the contribution margin ratio per unit? Multiple Choice 40% 60% 50% O 70% { Prev 11 of 18 Next >
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The contribution margin is the difference between total revenue and fixed costs.
12
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False
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Transcribed Image Text:2 Assignment Saved Help The contribution margin is the difference between total revenue and fixed costs. 12 True or False Ask True False Ac Graw Hill < Prev 12 of 18 Next >
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